AERGO TGE & Transparency Update
Everything you need to know is found here: www.aergo.io/world-premiere/
We recently made a very exciting announcement exclusively on our Telegram group on December 13. The AERGO Token Generation Event (TGE) has already taken place and exchanges will begin listing starting December 17.
We are coming out harder and sooner than ever. Whilst many projects are holding back by delaying and attempting to speculate on the market, we are rolling out with confidence and with force.
Token Generation Event
AERGO tokens are being listed by exchanges in multiple waves; with Korean fiat to crypto exchange listings followed by a world premiere on an international exchange on December 18.
Please note that the initial listing on December 17 is closed to Korea, with the global listing thereafter being open to the rest of the world.
Up to $1,000,000 in token rewards will be issued by multitudes of exchanges listing the token.
GOPAX (local listing)
AERGO will list on GOPAX on Monday, December 17, at 6 AM UTC. Deposits open on Friday, December 14, at 9 AM UTC. Please see GOPAX’s official statement (https://www.gopax.co.kr/notice/300).
GOPAX will host a trading competition with $200,000 in AERGO token rewards available. The details of the trading competition are found on their website.
World Premiere
AERGO will then list on a global exchange for AERGO’s world premiere on Tuesday, December 18. The name of the international exchange that will list AERGO tokens is not disclosed as of yet. More information regarding this will be disclosed on the day of the listing.
Korbit (local listing)
Thereafter, on December 20, we will list on another leading Korean fiat to crypto exchange: Korbit. Korbit is a very selective exchange previously owned by Pantera, DCG, Softbank, others and currently by NXC. Please read Korbit’s official statement on their website.
Korbit will also host a trading competition, with $200,000 in AERGO tokens available in rewards.
Transparency Update
We would like to provide a short update about our distribution arrangements, expressed by our community as something they would like us to disclose. This is consistent with our desire to be transparent with our community on our distribution arrangements and to be clear about how we operate.
The AERGO private token sale that closed in August was limited to a small number of early-stage purchasers. Consistent with our commitment to creating a sustainable platform, we have since fine-tuned the lock-up and distribution mechanics to help ensure the integrity of AERGO Token distribution. We are also in close discussions with purchasers about these arrangements.
What I am able to share are the following ten facts:
- The vast majority of our largest purchasers not only supported but also agreed to the change in lock-up and delayed distribution.
- The vast majority of all tokens sold privately will now vest at the end of 2019.
- The AERGO Community RewarDrop winners will have the fastest release of tokens of all token holder groups (see final note below).
- The R&D team at Blocko will have the second fastest release of tokens — with many incentivized to hold tokens for up to three years.
- We moved some of our Reserve Tokens into our planned Eco-system Token activities — to give the project more fire-power from 2019.
- We also moved some of the future Advisor Tokens into the Future Hire Token category — to enable us to continue to grow our team.
- The vast majority of tokens held in our Future Hire pool will vest over three years — with over 60% of these being released in 2021.
- We are considering using a trusted 3rd party to hold our remaining Reserve Tokens — so these are released (slowly) at a future date.
- The distribution following yesterday’s TGE will commence today for all existing purchasers and be complete by Sunday evening PST.
- We plan to release 50% of RewarDrop winner tokens earlier than planned — via a designated exchange (see final note below).
The AERGO team is working hard to enable a smart-drop of RewarDrop winner tokens with our partner exchange Korbit. This needs to be safe, KYC compliant, easy and fair for ALL RewarDrop winners. We expect this to take about a week to ten days to complete (we will update the community by the end of next week on the detailed plan, exact release date and steps required).
We will continue to update you on the TGE and distribution of AERGO Tokens in due course. We will also share more details about our updated token usage model shortly, once able to in full legal capability.
Please do not believe any rumors or miss-information that others may be circulating about AERGO and our TGE and distribution of AERGO Tokens.
Thank you,
AERGO
DISCLAIMER:
TOKENS ARE ONLY FOR SOPHISTICATED PURCHASERS WHO ARE KNOWLEDGEABLE AND EXPERIENCED IN THE FEATURES AND RISKS OF DIGITAL PLATFORMS, DIGITAL ASSETS, BLOCKCHAIN TECHNOLOGY AND SMART CONTRACTS. POTENTIAL PURCHASERS SHOULD DETERMINE FOR THEMSELVES THE RELEVANCE OF THE INFORMATION CONTAINED IN ANY DOCUMENT AND RELATED MATERIALS FROM THE AERGO PROJECT. IN EACH CASE AS SUPPLEMENTED FROM TIME TO TIME, AND THE NECESSITY FOR ADDITIONAL ENQUIRY, RESEARCH AND PROFESSIONAL ADVICE. ANY DECISION TO PARTICIPATE IN A TOKEN SALE SHOULD BE BASED UPON SUCH INDEPENDENT INVESTIGATION AND ADVICE AS YOU DEEM NECESSARY. THIS DOCUMENT SHOULD NOT BE CONSIDERED AS A RECOMMENDATION BY ANY PERSON TO PARTICIPATE IN ANY TOKEN SALE OR DIGITAL PLATFORM.
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